LINCOLN TERRACE MIAMI BEACH A11952743

1610 BAY RD, Miami Beach, FL 33139

LINCOLN TERRACE 1610 BAY RD MIAMI BEACH

REMARKS:

LINCOLN TERRACE 1610 BAY RD MIAMI BEACH. 1610 Bay Rd, a 4-unit apartment building currently operating as a short-term rental. Located in the heart of South Beachs vibrant waterfront corridor, 1610 Bay Rd is well positioned within one of Miami Beachs most sought after sub-markets. Bay Rd runs parallel to the western-point of South Beach, positioning the asset steps away from Biscayne Bay, Lincoln Road, and Sunset Harbor. Built in 1950, the property sits on a lot approximately0.12 acres zoned medium intensity RM-2. All four units currently operate as short-term rentals and consist of fully-furnished 2 bedroom & 1 bath apartments with on-site laundry for guests. A future investor would receive a turnkey short-term rental asset within Miamis leading destination for tourism. Additionally, 1610 Bay Rds attractive unit size and premier location offers a strong rental market as a traditional multi-family asset. With comparable rates in the area ranging from 3.50-4.00 per Sq Ft, an investor has the unique opportunity to continue operations as a short-term rental, combine long-term and short-term use, or fully convert the property into long-term apartments.

If you are interested in buying property located at 1610 BAY RD, Miami Beach, FL 33139, call us today!

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1610 BAY RD, MIAMI BEACH, FL 33139 - LOCATION